Bitcoin Tests $75,000 Support as Nasdaq Rout Deepens to 6.36%
Key Facts
Bitcoin price is testing critical support levels at $75,000 on Friday, November 6, 2026, as total crypto derivatives liquidations reached $1.09 billion. According to a CoinDesk report, the liquidation wave affected about 211,000 traders, following the currency's touch of the $80,000 level on Wednesday.
The cryptocurrency's decline coincided with a sharp global sell-off that wiped out $2.5 trillion on Wall Street and over $1 trillion in market value across Asian markets. The Nasdaq closed down 6.36% and the S&P 500 fell 4.3% in the November 5, 2026 session, while the VIX volatility index jumped to 28.36 points.
Latest Updates · 6
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Update: Bitcoin price fell below its pre-US election levels on Friday, November 6, 2026, pressured by a sharp slump in artificial intelligence stocks. Reports linked the decline to broader selling pressure affecting high-risk assets across technology markets.
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Update: The US jobs report released Friday, November 6, 2026, showed growth that surpassed expectations of a 59,000-job increase. These economic figures provided further context for the sharp volatility observed across global markets and risk assets.
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Update: U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows on Thursday, November 5, 2026. The outflows were led by BlackRock and Fidelity funds, while the cryptocurrency price stabilized around $76,000 during trading on Friday, November 6, 2026.
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Update: Bitcoin hit a seven-week low near $75,200 during Friday, November 6, 2026 trading. The cryptocurrency was pressured by the US equity market's worst daily performance for the S&P 500 and Nasdaq since April 2025.
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Update: U.S. spot Bitcoin and Ether ETFs recorded $530 million in combined net outflows on November 6, 2026. Bitcoin ETFs accounted for $430 million of these withdrawals, reflecting a pullback in institutional demand alongside the price decline.
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Update: Bitcoin ETFs recorded outflows of $430 million on Friday, November 6, 2026, amid declining risk appetite. The downturn was further linked to a crash in semiconductor stocks, which intensified selling pressure across digital asset markets.